NB Bancorp, Inc. NBBK

Competitive advantage analysis · financial-services

Bank Specialized
Overall moat score
34/100
Developing

Ranked against 399 peers in Banks - Regional

About NB Bancorp, Inc.

NB Bancorp, Inc. focuses on operating as a bank holding company for Needham Bank that provides various banking products and services in Greater Boston metropolitan area and surrounding communities in the United States. The company offers various deposits, including certificate of deposit, individual retirement, money market, savings, NOW, demand deposit, and interest-bearing and noninterest-bearing checking accounts; and commercial real estate … Full NBBK analysis →

Key strengths

  • Strong Capital Position Capital position is strong (score 0.66), exceeding regulatory minimums.

Key risks

  • Weak Deposit Franchise Deposit franchise appears weak (profitability score 0.21).
  • Weak Net Interest Margin Net interest margin proxy is weak (score 0.22).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Deposit Franchise

Developing
31
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Signals, strengths and risks for Deposit Franchise

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Signals, strengths and risks for Lending Advantage

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Signals, strengths and risks for Capital Strength

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Signals, strengths and risks for Cost Discipline

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Signals, strengths and risks for Revenue Diversification

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Signals, strengths and risks for Risk Management

Where NBBK ranks in Banks - Regional

NB Bancorp, Inc. ranks #295 of 393 scored companies in Banks - Regional by moat score — the top 75%. The widest moat in the group is 1st Source Corporation (SRCE) at 86/100.

# Company Moat score Rating
291 IF Bancorp, Inc. IROQ 35/100 Developing
292 BankFinancial Corporation BFIN 35/100 Developing
293 OceanFirst Financial Corp. - De OCFCP 35/100 Developing
294 Western New England Bancorp, In WNEB 35/100 Developing
295 NB Bancorp, Inc. NBBK 34/100 Developing
296 Rhinebeck Bancorp, Inc. RBKB 34/100 Developing
297 Medallion Bank - Fixed-to-Float MBNKP 34/100 Developing
298 AmeriServ Financial Inc. ASRV 34/100 Developing
299 Citizens Community Bancorp, Inc CZWI 34/100 Developing

See every Banks & Lenders company ranked by moat score →

How NBBK scores on the Bank Specialized defenses

Deposit Franchise

Score 31 · 22% of the moat score

A deposit franchise is the cheapest and most valuable thing a bank can own.

Lending Advantage

Score 38 · 18% of the moat score

Lending advantage is the ability to originate loans at attractive spreads without buying that volume with looser credit standards.

Capital Strength

Score 48 · 20% of the moat score

Capital is the buffer between loan losses and insolvency, and it is what regulators judge a bank on first.

Cost Discipline

Score 30 · 16% of the moat score

Banking carries high fixed costs in branches, compliance and technology, so what it costs to run the bank relative to what the bank earns is a genuine competitive variable.

Revenue Diversification

Score 11 · 14% of the moat score

A bank earning everything from net interest income is a leveraged bet on the rate cycle.

Risk Management

Score 60 · 10% of the moat score

Risk management is the defense that only reveals itself late.

How each Bank Specialized defense is measured, in full →

Understanding NBBK's moat

What is NB Bancorp, Inc.'s moat score?

NB Bancorp, Inc. (NBBK) scores 34 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #295 of 393 scored companies in Banks - Regional, the top 75%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 399 companies in Banks - Regional. Its strongest defense is Risk Management (60/100) and its weakest is Revenue Diversification (11/100).

How does NB Bancorp, Inc. compare with other Banks - Regional companies?

NB Bancorp, Inc. ranks #295 of 393 scored companies in Banks - Regional by moat score. The widest moat in Banks - Regional is 1st Source Corporation (SRCE) at 86/100. The companies ranked closest are Western New England Bancorp, In (WNEB) at 35 just above it and Rhinebeck Bancorp, Inc. (RBKB) at 34 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Bank Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 399 companies in Banks - Regional. The defenses are then weighted to produce the overall score out of 100.

Why is NB Bancorp, Inc. scored with the Bank Specialized template?

A bank does not sell a product at a margin. It funds itself, lends at a spread, and books profits that remain an estimate until the loans are actually repaid. That makes the usual margin-and-return questions misleading, so the Bank template scores what really determines a bank's durability: where its funding comes from, what it lends against, how much capital stands behind it, and whether it has been pricing risk honestly.

Which competitive defenses are measured for NB Bancorp, Inc.?

The Bank Specialized template measures 6 defenses, and NBBK scores: Deposit Franchise (31), Lending Advantage (38), Capital Strength (48), Cost Discipline (30), Revenue Diversification (11), Risk Management (60). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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